Important Features of Overdraft/Loan against Fixed Deposit (FD) are :
Avail Loan up to 90% of the value of your Time Deposit
Both Demand Loan and Overdraft Facility as per your need
Low interest rates. Further, we charge interest on a daily reducing balance!!
Zero processing charges;
No prepayment penalties.
Min mount of Loan (For Online Overdraft against Fixed Deposit) : Rs 5000
Max mount of Loan (For Online Overdraft against Fixed Deposit): Rs 5 Crore
Margin : Avail loan up to 85% of your Time Deposit value
Security Lien on underlying Time Deposit
Type of loan : Demand Loan& Overdraft
Channels : Internet Banking/YONO/Branches
Processing fee: NIl
Interest Rate: 1% above the relative time deposit rate
Topics cover are :
00:00 What is overdraft against Fixed Deposit
00:10 Benefits of Loan against FD
00:28 Minimum Fixed Deposit required
00:34 Loan amount eligibility
00:45 Rate of interest
00:53 Processing Fees
01:08 why you should not break your fixed deposit pre maturily
01:30 types of Fixed deposit not eligibile for loan
01:45 Documents required for loan/overdraft against fd
01:57 How to apply for loan against fd
Murari Garg
9717550964( Whatsapp)
Telegram Group : https://t.me/gargmurari
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